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102
<br />Water & Sewer Utilities Capital Projects
<br />Fiscal Years 2013 -18
<br />Project Name
<br />Central Efland /North Buckhorn Sewer Expansion
<br />Project Status
<br />Approved
<br />Functional Service Area
<br />Community and Environment
<br />Starting Date
<br />71112010
<br />Department
<br />Planning
<br />Completion Date
<br />6/30/2013
<br />Current
<br />Year 1 Year 2
<br />Year 3 Year 4 Year 5 Five
<br />Year 6
<br />Prior Years Fiscal Year
<br />I Fiscal Year Fiscal Year
<br />Fiscal Year Fiscal Year Fiscal Year Year
<br />to
<br />Proiect Budqet
<br />Fundinq 2012 -13
<br />2013 -14 2014 -15
<br />2015 -16 2016 -17 2017 -18 Total
<br />Year 10
<br />Professional Services
<br />Land /Building
<br />Construction /Repairs /Renovations
<br />Equipment/Furnishings
<br />Total Project Budget
<br />General Fund Related Operating Costs
<br />Personnel Services
<br />Operations
<br />New Debt Service
<br />Total Operating Costs
<br />Revenues /Funding Source
<br />Transfers from General Fund
<br />General Fund - Debt Service Payments
<br />EPA Special Appropriations Grant
<br />State Revolving Loan Funds
<br />Debt Financing
<br />Total
<br />Project Description /Justification
<br />34,000
<br />59,900
<br />3,700,000
<br />1 148,798 148,798 148,798 148,798 148,798 743,990 1 743,990
<br />148,798 148,798 148,798 148,798 148,798 743,990 1 743,990
<br />93,601 - -
<br />148,798 148,798 148,798 148,798 148,798 743,990 743,990
<br />1,348,400 -
<br />2,351,899
<br />3,793,900 - 148,798 148,798 148,798 148,798 148,798 743,990 743,990
<br />In the mid- 1980s, the decision was made to construct public sewer service in the Efland Community. The County's funding ran out before the entire community could be
<br />served, but there were approximately 80 residents remaining who had signed up to receive sewer and never did. The Central Efland portion of this project will provide
<br />sewer service availability to the majority of those properties that requested service 25 years ago, in addition to providing sewer availability to most of the rest of the Efland
<br />Community. The Northern Buckhorn project will be an extension of the City of Mebane's sewer system and will serve residents in the area along Buckhorn Road between
<br />the Interstate and the railroad tracks. This portion of the project is made possible by EPA Special Appropriations Grants that were earmarked by Congressman David Price
<br />and applied for by the County. The vast majority of the Central Efland project will be paid for by the remainder of the EPA grant and by a DENR State Revolving Loan Fund.
<br />An estimate of the debt service is shown above, based on an estimated loan amount of $2,351,899 an interest rate of 2.445% and the maximum term of 20 years. The full
<br />loan amount of $3,500,000 is a maximum line of credit and was based on the original project cost estimates, but based on the project bids and current costs, the loan is
<br />expected to be less than $2,400,000, as shown above. The debt service payments will be based on the actual amount borrowed. Some project expenses are not
<br />reimbursable by the State Loan program or the EPA grant. These have been paid from Capital Project 30017 from proceeds of the 1997 bond issued to pay for the Central
<br />Efland Sewer Extension
<br />Doft
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